Op-Eds
Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.
See more in United States, U.K., Capital Markets, Financial Crises, Geoeconomics, International Finance
Because a financial crisis can inflict lasting damage to productivity growth, Peter Orszag argues that the failure of U.S. policymakers to enact a "barbell" fiscal policy now could yield more economic troubles down the road.
See more in United States, Financial Crises, Geoeconomics, International Finance, Labor
Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, shows why last March's Greek debt restructuring left Greece in poor shape to avoid financial collapse
See more in Greece, Financial Crises, Geoeconomics, International Finance
Peter Orszag explains how globalization is lowering effective corporate tax rates and making it harder for Republicans and Democrats to agree on what tax reforms are needed.
See more in Geoeconomics, International Finance
Peter Orszag argues that aggressive action to continue recent slowing in health-care cost growth can help to stabilize the U.S. fiscal trajectory and increase take-home pay.
See more in Financial Crises, Geoeconomics, International Finance, Labor, Health, U.S. Strategy and Politics
Michael Spence describes how technological progress affects employment and why policymakers should increase investment in education and skills to help workers adapt.
See more in Economic Development, Geoeconomics, Labor, Technology Transfer
Peter Orszag outlines the obstacles that China faces on the road to becoming a high-income country and explains why other nations should take note.
See more in China, Business and Foreign Policy, Economic Development, Emerging Markets, Geoeconomics
Sebastian Mallaby argues that although it will not solve all U.S. economic woes, a manufacturing renaissance is both possible and desirable.
See more in United States, Industrial Policy
Peter Orszag explains why and how the federal government should encourage more clinical data registries, which can cut health care costs and improve patient outcomes.
See more in Economics, Health, Science, and Technology, Health, U.S. Strategy and Politics
Sebastian Mallaby argues the lesson from sub-Saharan Africa's economic turnaround is that policies do matter.
See more in Africa, Economic Development, International Finance
Michael A. Levi says, "The benefits of the oil and gas boom—jobs, wealth and, in the case of natural gas, reductions in greenhouse gas emissions—offer plenty of reasons to continue to develop these resources judiciously. But we should beware of turning this potential blessing into an unintended curse."
See more in United States, Energy
Sebastian Mallaby comes down in favor of Ben Bernanke's latest gamble as Fed chairman.
See more in Capital Markets, Financial Crises, Geoeconomics, International Finance
Peter Orszag explains why Build America Bonds could become victims of the fiscal cliff and why they should be saved.
See more in Financial Crises, Geoeconomics, Infrastructure, Congress, Presidency
Sebastian Mallaby argues that Europe's future is looking frighteningly like Japan's past.
See more in EU, Japan, Financial Crises, Geoeconomics, International Finance
Peter Orszag writes that reaching a deal to avoid the fiscal cliff will require Republicans and Democrats to be more flexible about the positions they have staked out over tax and entitlement reforms.
See more in Financial Crises, Geoeconomics, Congress, Presidency, U.S. Election 2012
Sebastian Mallaby argues that microeconomic struggles are tarnishing the macroeconomic success of the BRICs.
See more in Brazil, Russian Fed., China, India, Economic Development, Emerging Markets, Geoeconomics
Peter Orszag writes that vague, simplistic strategies to limit tax deductions will lose their appeal as the legislative process exposes their flaws.
See more in Geoeconomics, Congress, Presidency
Sebastian Mallaby argues that President Obama will be unable to stabilize the U.S. debt over the long term without addressing the problem of ballooning health and pension costs.
See more in Financial Crises, Geoeconomics, International Finance, Congress, Presidency
Michael A. Levi says natural gas is a good and inexpensive alternative to coal and oil, but it's still a fossil fuel. Keeping in mind that gas is far from a permanent climate solution, delegates meeting in Doha for the UN climate change negotiations "should strengthen their efforts, individually and collectively, to promote innovation and development of cost-effective zero-carbon energy options."
See more in Climate Change, Energy, UN
Sebastian Mallaby argues that Spain is unlikely to get control of its debt dynamics without more aggressive action from European leaders.
See more in Spain, EU, Financial Crises, Geoeconomics, International Finance